Experience

Major Energy Bankruptcies

Major National Bank

Represented a national bank, as trustee for public and private debt issued in the financing of power generation facilities, in several major power producer Chapter 11 cases. Successfully defended debtor’s attempt to recharacterize $1,500,000,000 leveraged lease transaction as secured financing. Played a major role in taking control of two gas-fired power generation facilities upon lease rejection by debtor and restoring them to operation. Assisted in the sale of over $300,000,000 in defaulted equipment notes to issuer. Negotiated plans of reorganization, negotiated claims resolution and served on creditors committees.